XML 33 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Share-Based Compensation
9 Months Ended
Sep. 30, 2018
Share-based Compensation [Abstract]  
Share-Based Compensation
SHARE-BASED COMPENSATION
On January 11, 2017, we adopted the TechnipFMC plc Incentive Award Plan (the “Plan”). The Plan provides certain incentives and awards to officers, employees, non-employee directors and consultants of TechnipFMC and its subsidiaries. The Plan allows our Board of Directors to make various types of awards to non-employee directors and the Compensation Committee of the Board of Directors to make various types of awards to other eligible individuals. Awards may include share options, share appreciation rights, performance stock units, restricted stock units, restricted shares or other awards authorized under the Plan. All awards are subject to the Plan’s provisions, including all share-based grants previously issued by FMC Technologies and Technip prior to consummation of the Merger. Under the Plan, 24.1 million ordinary shares were authorized for awards.
We recognize compensation expense and the corresponding tax benefits for awards under the Plan. Share-based compensation expense for nonvested share options and time-based and performance-based restricted stock units was $15.9 million and $10.2 million for the three months ended September 30, 2018 and 2017, respectively, and $41.7 million and $34.9 million for the nine months ended September 30, 2018 and 2017, respectively.